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Fairfax To Acquire 60.72% Stake In IDBI Bank For ₹52,878 Crore
Canadian billionaire Prem Watsa's Fairfax Financial Holdings is set to acquire a 60.72% stake in IDBI Bank for ₹52,878 crore ($5.6 billion), marking a major foreign investment in India's banking sector. Department of Investment and Public Asset Management Secretary Arunish Chawla said the transaction values the Mumbai-based lender at approximately ₹87,100 crore. The deal represents an 11%…
Read the full report at Free Press Journal →
How 4 newsrooms ran it
4 of our sources carried this story over 1.8 hours. Free Press Journal filed first, at 17:33 IST. The headlines below are each outlet's own wording, in the order they published.
| Time IST | Outlet | Their headline |
|---|---|---|
| 17:33 | Free Press Journal | Fairfax To Acquire 60.72% Stake In IDBI Bank For ₹52,878 Crore |
| 17:35 | NDTV India | Centre Approves 60.72% Stake Sale In IDBI Bank To Fairfax For Rs 52,878 Crore |
| 17:52 | Business Standard | CCEA approves sale of 60.72% stake in IDBI Bank to Fairfax for ₹52,878 cr |
| 19:23 | Zee News India | IDBI Bank stake sale: Govt approves Rs 52,878 crore Fairfax deal, retains 15% stake |
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